511 Main Street

Laurel, MD 20707

$419,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Solid investment opportunity for this commercial/residential, multi unit property. 3 apartment plus main level salon with 10+ year rental history. Property was renovated in 2005 and has many nice features. Good tenant rent history. Current tenants are good and would like to stay. Please allow notice as courtesy to agent and tenants. Commercial Financing tentatively approved.Solid investment opportunity for this commercial/residential, multi unit property. 3 apartment plus main level salon with 10+ year rental history. Property was renovated in 2005 and has many nice features. Good tenant rent history. Current tenants are good and would like to stay. Please allow notice as courtesy to agent and tenants. Commercial Financing tentatively approved.
  1. Listed by Susan W Wiest • Cummings & Co. Realtors
    P: 4109601302 susan@cummingsrealtors.com

Property Details for 511 Main Street

Tax ID Number
17101008580
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No

Location

Listing Courtesy of Cummings & Co. Realtors

Sold By Cummings & Co. Realtors

Add your commute
LISTING UPDATED: 11/17/2021 11:03 AM

Property Details for 511 Main Street

StatusClosed
MLS #1001073447
Days on Market15
Taxes$10,394 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1928
Lot Size0.07 AC / 2,937 SF
CountyPrince George's County

Location

Listing Courtesy of Cummings & Co. Realtors

Sold By Cummings & Co. Realtors

Add your commute

Building Information for 511 Main Street

Stories-Residences4Year Built1928Building Size-Lot Size0.07 AC / 2,937 SF

Payment Calculator

$3,153 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,287

Property Taxes

$866

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 511 Main Street

Location
Location
  • In City Limits: Yes
  • School District Name: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • School District County ID: 121137599599
  • County: PRINCE GEORGES
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2015
  • Tax Assessed Value: $532,900
  • Year Assessed: 2016
  • County Tax: $5,057
  • Improvement Assessed Value: $261,400
  • City Town Tax: $3,943
  • Land Assessed Value: $271,500
  • Special Assessment Pymnt: Annually
  • Refuse Fee: $510
  • Zoning: CC
  • Tax Page Number: 604
Lease Information
Lease Information
  • Owner Pays: Insurance, Repairs, Taxes - Real Estate
  • Lease Term: Negotiable
  • Concessions: Yes
  • Concessions Amount: $18,000
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Vacancy Allowance Rate: .00%
Financial Information
Expenses
  • Operating Expense: $10,000
  • Water Avg Month: $208
  • Water Prev 12 Months: $2,500
Financial Information
  • Gross Income: $51,480
Building Info
Building Info
  • Year Major Reno Remodel: 2005
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Area: 2,937.00
  • Sign On Property: Yes
  • Parcel ID: 14544581
Parking
Parking
  • Type Of Parking: Off Street, Driveway
  • Parking Features: Paved Driveway, Parking Space Conveys, Unassigned
Interior Features
Interior Features
  • Interior Features: Upgraded Countertops, Window Treatments
  • Fireplace: No
  • Appliances: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer, Disposal
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Metering: Electric Separate
  • Heating: Yes
  • Cooling: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Wall Unit
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent URL: www.cbmove.com/susan.wiest

Property History for 511 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 511 Main Street

Taxable ValueLand-Additions-Total-
Tax Record2023$7,276 ($606 / month)
Home Facts
Total Finished SqFt2,360 SqFtAbove Grade Finished SqFt2,360 SqFtStories2Lot Size2,937 SqFtStyleMulti-Family Dwelling (2-4)Year Built1928ZoningLAURCountyPRINCE GEORGE'SAPN10-1008580

Schools near 511 Main Street

This home is within Prince George's County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Laurel Elementary School
PublicPK to 5

Dwight D. Eisenhower Middle School
Public6 to 8

Laurel High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Cummings & Co. Realtors

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/17/2021 11:03 AM